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Ocean Freight Update—Suez canal blockage

29th March 2021

According to the BBC the huge container ship that has been stuck across the Suez Canal for almost a week has reportedly been freed. The 400m-long (1,300ft) Ever Given has been straightened and released from the shoreline, officials said. Video appeared to show the ship floating, but its owner later told AFP that it had only been “turned”. The Ever Given has been blocking one of the world’s busiest trade routes, forcing companies to reroute ships and causing long tailbacks. The reports that the ship had been freed raised hopes that traffic along the canal could resume within hours, clearing the way for an estimated $9.6bn (£7bn) of goods that is being held up each day.

We will keep monitoring the situation and will inform you of any new development.

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